Physical Intelligence is reportedly in talks to raise $1 billion, again

Physical Intelligence, a San Francisco-based robotics startup founded two years ago, is reportedly in early-stage talks to raise approximately $1 billion in new funding, which would value the company at over $11 billion—nearly doubling its $5.6 billion valuation from just four months prior. The potential round is expected to include participation from Founders Fund, Lightspeed Venture Partners, Thrive Capital, and Lux Capital. The company has previously raised over $1 billion and employs around 80 people focused on developing general-purpose AI models to enable robots to perform diverse tasks such as folding laundry and peeling vegetables. Co-founder Sergey Levine has described Physical Intelligence’s vision as creating “ChatGPT, but for robots,” emphasizing the development of advanced AI that can generalize across multiple robotic functions. Despite the significant funding and ambitious goals, the company currently has no set timeline for commercialization, a stance that its investors appear comfortable with. Co-founder Lachy Groom highlighted the virtually unlimited potential for investment, noting that more computational resources can